The Vietnam pesticides market is estimated to be valued at USD 979.5 million in 2015 and is projected to reach USD 1,212.5 million by 2020 at a CAGR of 4.4% from 2015 to 2020. The Vietnamese pesticides market is segmented on the basis of type and crop type. With the increasing demand for enhanced quality agricultural output and the rising need for organic and environment-friendly pesticides, the use of bio-pesticides is expected to enhance the market growth.

This report includes estimations of market sizes for value (USD million) with the base year as 2014, and forecast period from 2015 to 2020. Top-down and bottom-up approaches have been used to estimate and validate the size of the Vietnam pesticides market and to estimate the size of various other dependent submarkets. Key players in the market have been identified through secondary research, and their market share in respective regions has been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and were verified through primary sources.

This report provides both qualitative and quantitative analyses of the Vietnamese pesticides market, the competitive landscape, and the preferred development strategies of key players. The key players preferred new product developments, expansions and investments, and partnerships & agreements as their key strategies to gain a larger share in the market. The report also analyzes the market dynamics and issues faced by leading players.

“To know about assumptions considered for this research report, download the pdf brochure.”

Vietnam Pesticides Market report is targeted to existing players in the industry including:

Key participants in the supply chain of Vietnamese pesticides are raw material suppliers, government bodies, distributors, exporters related to Vietnamese pesticides, and end users such as farmers engaged in agribusiness.

Upstream players offering pesticides to other manufacturers involved in pesticide manufacturing and treating have also been included in this report.

“The study answers several questions for stakeholders, primarily which market segments to focus on in the next two to five years for prioritizing efforts and investments.”

Scope of the Report

On the basis of type, Vietnam Pesticides Market is segmented as follows:

Synthetic pesticides

Bio-pesticides

On the basis of crop type, Vietnam Pesticides Market is segmented as follows:

Cereals & grains

Fruits & vegetables

Oilseeds & pulses

Others (sugarcane, plantation crops, and turf & ornamentals)

On the basis of formulation, the bio-pesticides market is segmented as follows:

Liquid formulations

Solid formulations

On the basis of mode of application, the bio-pesticides market is segmented as follows:

Seed treatment

Soil treatment

Foliar spray

Post-harvest

On the basis of origin, the bio-pesticides market is segmented as follows:

Biochemical pesticides

Microbial pesticides

Beneficial insects

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Product Analysis

Product matrix, which gives a detailed comparison of the product portfolio of each company

The Vietnam pesticides market is projected to grow at a CAGR of 4.4% from 2015 to reach a projected value of USD 1.2 billion by 2020. The market for pesticides in Vietnam is further driven by factors such as rising trade of agricultural products such as rice, coffee, and pepper; technological advancement in the pesticides industry; introduction of innovative pesticides to avoid pest resistance and environment hazards; and changing farmers’ knowledge and perception regarding crop health and quality.

On the basis of crop type, the Vietnamese pesticides market is led by the cereals & grains segment, followed by the fruits & vegetables and oilseeds & pulses segments. Cereals & grains is also the fastest-growing crop type in the Vietnamese pesticides market. Vietnam is the one of the largest producers of rice resulting in the highest utilization of pesticides, mainly insecticides in rice cultivation. Also, the production of fruits and vegetables in the country is high leading to an increased usage of pesticides.

On the basis of type, synthetic pesticides accounted for the largest market share in 2014, followed by bio-pesticides. Synthetic pesticides play a vital role in the agricultural sector in Vietnam and are extensively used by farmers. Among synthetic pesticides, insecticides are the most frequently used pesticides in Vietnam. Since Vietnam is one of the largest producers of rice, most pesticides used in Vietnam are related to the rice crop. Since insects are the major pests infecting rice cultivation, insecticides are the highest used pesticides in the country.

Vietnam Pesticides Market, By Type, 2020 (USD Million)

Source: MicroMarketMonitor Analysis

Along with pesticide toxicity and residual issues, the weak functioning of statutory authorities managing the pesticide use and application has affected the pesticides market in Vietnam.

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